Riddhi Portfolio Private Limited, a promoter of Ramkrishna Forgings Limited (RFL), announced the acquisition of 17,50,000 equity shares from fellow promoter Mr. Naresh Jalan on March 25, 2026. This transaction was an inter-se transfer amongst promoters, meaning the aggregate shareholding percentage of the Promoter Group remains unchanged at 43.12% (pre-acquisition) and 44.47% (post-acquisition, diluted basis). The total voting capital of RFL remains constant at Rs. 36,20,61,208/-.
Disclosure of Promoter Share Acquisition
Riddhi Portfolio Private Limited, acting as a Promoter entity for Ramkrishna Forgings Limited (the Target Company or TC), has formally disclosed the acquisition of 17,50,000 Equity Shares. This acquisition took place on March 25, 2026, through a direct purchase from another promoter, Mr. Naresh Jalan.
Transaction Nature and Regulatory Context
The mode of acquisition is classified specifically as an “Inter-se transfer amongst the promoters of the Target Company”. Consequently, this action falls under specific exemption clauses within the relevant takeover regulations, ensuring that the aggregate holding of the Promoter and Promoter Group remains the same before and after the transaction.
Shareholding Status Pre and Post-Transaction
Prior to the acquisition, the combined shareholding of the Acquirer and Persons Acting in Concert (PAC) stood at 8,24,44,606 shares, representing 43.12% of the total capital. Following the acquisition of 17,50,000 shares by Riddhi Portfolio Private Limited (representing 0.97% acquisition), the total holding after the transaction reached 8,24,44,606 shares (Note: The reported total appears identical, reflecting that the shares moved internally within the group, but the specific acquisition is detailed separately). The total shareholding percentage, based on diluted capital, increased marginally from 43.12% to 44.47%.
Detailed Promoter Group Holdings (Pre-Acquisition)
The breakdown of major holdings within the Promoter Group prior to the transaction included:
- Riddhi Portfolio Private Limited: 6,05,57,039 shares (33.45%)
- Mr. Naresh Jalan: 45,15,425 shares (2.49%)
- Mr. Chaitanya Jalan: 30,47,900 shares (1.68%)
- Maa Chandi Financial Advisory Services Private Limited: 65,00,000 shares (3.59%)
Impact on Capital Structure
The equity share capital of the Target Company remained constant at Rs. 36,20,61,208/- (equivalent to 18,10,30,604 Equity Shares of Rs. 2/- face value) both before and after the said acquisition. The total diluted share capital post-acquisition was stated as Rs. 37,08,11,208/-.
Encumbrance Details
It is noted that significant shareholdings are under encumbrance:
- Riddhi Portfolio Private Limited holds 1,10,00,000 shares under encumbrance (6.07%).
- Mr. Naresh Jalan holds 13,00,000 shares under encumbrance (0.72%).
The filing confirms that these encumbered shares were not included in the calculation of the total holding percentages for the purpose of the immediate disclosure.
Source: BSE
